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Trent McConaghy & Steve Omohundro: Welcome New Players | Gaming the Future Book Club Chapter 9
The Foresight Institute Podcast
The Importance of Governance Minimization in Crypto
A lot of the governance minimization logic around money pumps in crypto makes a lot of sense for that reason. But that sort of means that you want your product to be relatively dumb, easily understandable, et cetera. And on the flip side, we'll sort of reliably do things to gain systems in ways that are not obvious to product developers. We just don't come from the crowd or individual like Y thinkers who can spread their ideas over a Y investor base. Stuff like that, that just kind of adds all this complexity you wouldn't otherwise imagine that again, doesn't really exist if you're talking about an ideological down where the point is necessarily to make profit in the short term
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